In a report released yesterday, Filippo Migliorisi from TP ICAP MIDCAP maintained a Buy rating on Intred SpA (ITD – Research Report), with a price target of €18.30.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Filippo Migliorisi has given his Buy rating due to a combination of factors that highlight Intred SpA’s robust performance and strategic initiatives. The company reported a solid revenue growth in the first quarter of 2025, with an 8.1% year-over-year increase in organic growth and a 10.2% rise in recurring revenues. This growth is supported by the company’s successful strategy of converting school connections to recurring subscriptions, which is further reflected in the improved churn rate of 4.3%.
Moreover, Intred SpA’s network expansion by 500 km and the initiation of a new €1.5 million buyback program demonstrate the company’s commitment to strengthening its operational and financial position. These strategic moves, along with the positive quarterly revenue growth despite phasing out non-recurring revenues, underscore the company’s potential for continued success, justifying the Buy recommendation with a target price of €18.3.
In another report released on May 8, Intermonte also maintained a Buy rating on the stock with a €16.50 price target.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ITD in relation to earlier this year.